A company receives a 10%, 90-day note for $1,500

QUESTION 1 1.      A company receives a 10%, 90-day note for $1,500. The total interest due on the maturity date is: [removed]   $ 37.50 [removed]   $150.00 [removed]   $ 75.00 [removed]   $ 50.00 [removed]   $ 87.50 4 points    QUESTION 2 1.       MixRecording Studios purchased $7,800 in electronic components from TechCom. …

A company receives a 10%, 90-day note for $1,500 Read More »